Paris, November 15th, 2004 - Carrefour has announced today that it has entered into a definitive agreement to acquire 13 hypermarkets from Ahold in Poland.
With this acquisition, Carrefour will become the second largest hypermarket operator in Poland with 30 hypermarkets.
These 13 hypermarkets are located in Radom, Piotrkow Trybunalski, Szczecin, Jelenia Gora, Tarnow, Lodz (2), Krakow, Bielsko-Biala, Poznan (2), Elblag and Tychy. The sales area of the stores ranges from 5,400 sqm to 8,300 sqm. Annual net revenues of the 13 hypermarkets are in excess of PLN 500 million (approx. Eur 120 million).
The completion of the transaction is subject to the fulfilment of certain conditions, including approval of the Polish Competition Authorities. The transaction is expected to close in the first quarter of 2005.
Carrefour is a leader in the Polish food retail market. It currently operates 16 hypermarkets (plus one opening scheduled before year end) and over 70 supermarkets trading under the Champion and Globi banners.